Russia: agricultural cooperatives to get access to all forms of the state support

In 2014, the Government of Russia will extend the state support of agricultural cooperatives, declared the Deputy Prime Minister of the Russian Federation Arkady Dvorkovich on April 4, 2014.

A.Dvorkovich stated in 2014 the direct grant financing of the agricultural cooperatives development from the federal budget of Russia will total hundreds of millions RUB. He also mentioned that the certain share of the allocated funds will be directed for the credit interest rate subsidy of the agricultural cooperatives.

The Minister charged the Ministry of Agriculture of Russia to approve the departmental spurpose-oriented program for agricultural cooperatives development within the next few weeks. He added that it is necessary to found the unique nationwide Association of agricultural cooperatives.